EU hits Broadcom with interim demands in antitrust probe
EU antitrust regulators want U.S. chipmaker Broadcom to scrap its exclusivity clauses with TV and modem makers to avoid irreparable harm to the market while they investigate whether this tactic and others are designed to block rivals.
Global stocks gain as trade talk hopes rise, rate-cut pressure ebbs
European stocks and U.S. equity futures were higher on Wednesday after a report fueled optimism about progress in U.S.-China trade talks, offsetting disappointment about the size of potential U.S. interest rate cuts.
Futures bounce on trade hopes, Micron results
U.S. stock index futures rose on Wednesday after Treasury Secretary Steven Mnuchin said the United States and China were close to reaching a trade deal, with strong results from chipmaker Micron adding to the upbeat mood.
General Mills misses sales estimates as snacks demand fall
General Mills Inc on Wednesday reported quarterly sales below Wall Street estimates, hurt by declines in its U.S. snacks business.
U.S. wants ‘reasonable’ trade deal with China: U.S. Commerce Secretary
The United States “is not looking for victory” with China over trade but wants “a sensible deal that addresses the legitimate issues that we have,” U.S. Commerce Secretary Wilbur Ross said on Wednesday.
Airlines and regulators meet to discuss Boeing 737 MAX un-grounding efforts
Airlines and regulators are gathering at a closed-door summit in Montreal on Wednesday to exchange views on steps needed for a safe and coordinated return of Boeing Co’s grounded 737 MAX jets to the skies following two deadly crashes.
Exclusive: China hacked eight major computer services firms in years-long attack
Hackers working for China’s Ministry of State Security broke into networks of eight of the world’s biggest technology service providers in an effort to steal commercial secrets from their clients, according to sources familiar with the attacks.
Macron says France to be vigilant over Carlos Ghosn’s rights
President Emmanuel Macron said on Wednesday France would remain vigilant that Carlos Ghosn’s presumption of innocence and the former Renault-Nissan leaders’ rights to defend himself in a Japanese lawcase are respected.
Broadcom in EU antitrust spotlight, faces interim measures
EU antitrust regulators will investigate whether U.S. chipmaker Broadcom uses exclusivity restrictions to block rivals in the TV and modem chipsets markets, a move that could lead to hefty fines for the company and an order to end such practices.
China’s Alibaba aims to double Tmall Global brands with English portal
Chinese e-commerce giant Alibaba on Wednesday launched an English-language website for its Tmall Global marketplace aimed at merchants, in an attempt to double the number of international brands on the platform to 40,000 in the next three years.
